Practice Question Solved : $6$GENERAL INSTRUCTIONS: $1.$ READ THE QUESTIONS CAREFULLY AND WRITE YOUR ANSWERS ON THE ANSWER SHEET PROVIDED ON THE LAST PAGE. $2$Hide Transcribed Text$2.$ DOUBLE RULE YOUR FINAL ANSWERS. Chill Ka Lang Company's adjusted trial balance on December $31,2019$ shows the following account balance: $3$Additional Information: a$.$ Ending Inventory is $\backslash (\backslash$mathbf$\{$P$\}90,447\backslash )$ b$.$ Three$-$fourths of the salaries, rent, and depreciatiHide Transcribed TextPurchase Returns $15,524$ Purchase Discounts $27,241$ Additional Information: a$.$ Ending Inventory isP$90,447$b$.$ Three$-$fourths of the salaries, rent, and depreciation expenses pertain to the non$-$sales personnel$/$department$.$ The sales department does not share in the other expenses. Requirement: Compute the following: a$.$ Cash and Cash Equivalents b$.$ Trade and Other Receivables c$.$ Prepaid Expenses d$.$ Property, Plant, and Equipment e$.$ Cost of Sales f$.$ Selling Expenses g$.$ Administrative Expenses Prepare the following: a$.$ Statement of Financial Position using the account form. b$.$ Statement of Comprehensive Income